Crane NXT (NYSE:CXT) Shares Gap Up – Still a Buy?

Shares of Crane NXT, Co. (NYSE:CXT) gapped up before the market opened on Wednesday . The stock had previously closed at $42.88, but opened at $45.26. Crane NXT shares last traded at $45.5560, with a volume of 123,128 shares changing hands.

Analyst Ratings Changes

CXT has been the subject of a number of analyst reports. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, May 15th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Oppenheimer cut their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a report on Friday, May 8th. Finally, Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.40.

Crane NXT Stock Up 7.0%

The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $2.64 billion, a P/E ratio of 20.42 and a beta of 1.15. The company has a 50 day simple moving average of $41.81 and a two-hundred day simple moving average of $46.63.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The company had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities analysts predict that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is currently 32.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Camelot Portfolios LLC bought a new position in shares of Crane NXT during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Crane NXT in the 3rd quarter worth $31,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Crane NXT in the 3rd quarter worth $33,000. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.